WASHINGTON - The chief executive of Fiat Group SpA told the Obama administration yesterday that the Italian automaker could revive Chrysler LLC and help it repay billions in government loans.
Sergio Marchionne said the administration's auto task force was receptive to a proposed partnership that would give Fiat a 35 percent stake in the struggling US automaker in exchange for new technology but no cash.
"We can add value," Marchionne told reporters after the 2 1/2-hour meeting with the auto panel at the Treasury Department. "That's the real issue and it's a necessary ingredient of the revival of Chrysler."
